How much is the bond face value and current yield

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Reference no: EM132071839

You would like to contribute $50,000 towards your grandchild’s college education 15 years from now. How much money must you set aside today for this purpose if you believe you can earn 7% per annum on your investment? (Show calculation)

You are considering purchasing a 15-year 8% unsecured bond at a price of $960:

How much is the bond’s face value?

How much is the bond’s coupon?

What is the bond’s current yield?

Reference no: EM132071839

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